Here’s what the current program guide says. Every loan still depends on the full deal, so we’ll confirm the details together.
What this loan can do
The standard DSCR program on your current site covers three common moves:
- Buy an investment property
- Refinance the rate or term on a rental
- Pull cash out of a rental to use elsewhere
How the program is generally set up
The property's debt service coverage ratio (DSCR) compares rent with the mortgage payment. The published guide says a 1.00 DSCR or higher is typical.
- No personal income or debt-to-income verification
- Loan amounts from $100,000 to $3,500,000
- Up to 80% loan-to-value with a 700+ credit score; up to 75% on purchases with a 660 score
- 40-year fully amortized options, LLC closings, short-term rentals, and blanket loans may be available
- The current page describes closings in about three weeks
LTV and timelines depend on the property and full borrower profile.
Property fit
This program covers more than a single-family rental.
- 1–4 unit and 5–8 unit residential properties
- Mixed-use properties with a residential majority
- Short-term rentals and certain rural properties up to 2 acres
Fully commercial properties, properties over 2 acres, and some non-warrantable condos are listed as ineligible.
What you'll need
We can go through the exact checklist for your deal. The published page calls for:
- Rent roll or lease agreements
- Appraisal supporting value and rents
- Clear title
- Basic entity documents if you close in an LLC
Short-term rental income may be discounted for vacancy and expenses.